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- Blog Post
For this report to be complete and as useful to the Congress as possible, the House and Senate Budget Committees have asked CBO to delay publishing it until it can fully account for the funding provided in all 12 annual appropriation bills.
- Blog Post
For this report to be complete and as useful to the Congress as possible, the House and Senate Budget Committees have asked CBO to delay publishing it until it can fully reflect the funding provided in all 12 annual appropriation bills.
- Blog Post
CBO has assessed how much the supply of various types of renewable fuels would have to increase over the next several years to comply with the Renewable Fuel Standard (RFS), and how food and fuel prices would vary in three scenarios.
- Blog Post
Buyers of new electric vehicles receive federal tax credits of up to $7,500. How do the credits compare to the total lifetime cost of owning those vehicles and to the reduction in gasoline use and greenhouse gas emissions from driving them?
- Blog Post
Following a recent hearing, a Member of Congress asked in a question for the record: “How do today’s discretionary funding levels compare with pre-recession funding levels?” Today's blog post answers that question.
- Blog Post
Terry Dinan, senior advisor in CBO’s Microeconomic Studies Division, discusses her testimony before the Subcommittee on Energy of the House Committee on Science, Space, and Technology.
- Blog Post
CBO estimates that federal policies to promote the manufacture and purchase of electric vehicles (including some policies that support other types of fuel-efficient vehicles) will have a total budgetary cost of about $7.5 billion through 2019. Tax credits for buying electric vehicles—which account for about one-fourth of that budgetary cost—are likely to have the greatest impact on vehicle sales. Today CBO released a study on the effects of federal tax credits for the purchase of electric vehicles. CBO finds that:
- Blog Post
CBO has analyzed a proposal—in a report requested by the Chairman of the House Budget Committee—to immediately open most federal lands to oil and gas leasing.
- Blog Post
Coal-powered facilities account for roughly a third of all U.S. emissions of carbon dioxide, and most climate scientists believe that the buildup of carbon dioxide and other greenhouse gases in the atmosphere could have costly consequences.
- Blog Post
Energy use—for electricity, transportation, and heating and air conditioning—is pervasive throughout the U.S. economy, representing 8.4 percent of U.S. gross domestic product in 2010. About 80 percent of the energy used by households and businesses comes from oil, natural gas, and coal; the rest comes from nuclear power and renewable sources, such as wind and the sun. Disruptions in the supply of commodities used to produce energy tend to raise energy prices, imposing an increased burden on households and businesses.